Friday, 1 September 2017

Weekly Outlook: Sep 04 - Sep 09

Europe: the UK will present its construction PMI index for August as of 08:30 GMT. In the day, traders will also keep an eye on the retail sales monitor from the British Retail Consortium, which gauges value changes among its members.

Tuesday

Asia: China’s Caixin services PMI for August is up at 01:45 GMT.

Europe: Markit Economics will be releasing services PMIs for Germany, the European Union and the United Kingdom as of 07:55 GMT, 08:00 GMT and 08:30 GMT respectively. Following that same order, analysts are predicting readings of 53.4, 55.8 and 54.9. The euro zone will also publish a revision of its second-quarter gross domestic product (GDP) at 09:00 GMT, with an estimated growth rate of 2.2 percent y/y and 0.6 percent q/q. Economic growth figures will come together with retail sales for July.

United States: a fresh reading on factory orders for July will be available at 14:00 GMT.

Wednesday

Europe: Germany’s factory orders for July will be release as early as 06:00 GMT, with an expected decline of 0.5 percent after adding 1.0 percent in June.

United States: trade balance figures for July will be out at 12:30 GMT, with a forecasted deficit of $44 billion from a previous $43.6 billion. Markit’s composite and services PMIs for August are due at 13:45 GMT. The Institute for Supply Management will also presents its own non-manufacturing PMI fifteen minutes later. Fed’s Beige Book is set for release at 18:00 GMT.

Thursday

Europe: German industrial production index for July is due at 06:00 GMT, followed by UK’s Halifax house price index at 07:30 GMT. Attention will be mainly directed at the ECB monetary policy meeting. The interest rate decision will become public at 11:45 GMT, while Mario Draghi’s statement is scheduled at 12:30 GMT.

United States: nonfarm productivity and unit labor costs for the second quarter will be presented at 12:30 GMT. Crude and gasoline stockpiles from the Energy Information Administration will be released a day later at 15:00 GMT.

Asia: Japan’s current account for July and a revision of the nation’s second-quarter GDP will be out at 23:50 GMT.

Friday

Asia: the data front will continue to set the tone in the region, with China expected to publish exports, imports and trade balance figures for August in early trading hours on Friday.

Europe: Germany’s trade balance for July is first on the line at 08:30 GMT, followed by UK’s industrial and manufacturing production indexes, as well as trade balance figures.